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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: Trading Machine who wrote (17570)9/3/2001 3:38:41 PM
From: BirdDog  Read Replies (1) of 52237
 
...if a company has a real P/E of more than a single digit, they have some pretty wild expectations. And anyone who "lends" them money is foolish.

I'm wondering what you think the P/E of a company should be who is eating up P/E at the rate of 4 years per market day?

I especially think Lee has entertained us this weekend in complaining about a high P/E in the S&P and the high tech "bubble". While at the same time bragging about food service and other companies almost doubling in the past year... meanwhile we know they didn't double in size in the last year. They don't have the slightest hope in the universe to obtain that kind of growth.. That is what I call a bubble....

On Greenspan.... I understood he didn't vote for the last rate hike in June 00. He was out voted. I think it was more of a statement the Fed wanted to make to old economy companies to quit spending money on IT. I think it was made clear to them to quit that spending, otherwise the Fed would keep raising rates until those companies were hurt badly...so in otherwords; sacrifice IT for your own survival. Please try to tell me that most of the past year they didn't have money to spend on IT...nobody was having any problems...they just quit spending. They created our slowdown to save themselves...

BirdDog
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